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Author Topic: Weak or wise?  (Read 981 times)
boty
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January 31, 2024, 03:58:06 PM
 #141

Trading alone is already hard so if you are profiting from your trade despite that you don’t get to finish it, then most likely you’re a wise trader. Not all are given chances to be in profits when trading, some are just trading and even wait till the end and still end up losing. So for me, there’s no need to actually finish a trade if you are already satisfied with your present profits. That’s for you to decide if you can still take the risk and finish an unpredictable trade.
Trading is not an easy thing to do in order to make a profit and if we are already in a favorable condition and we take advantage of it and this really depends on the personality of the person doing the trading whether we can still analyze the market and will be able to get bigger profits. There's no harm in continuing, but if we can't analyze well, I think it's better for us to take the profits we've earned and don't let us become greedy in trading and make wrong decisions that result in losses in the trades we make.

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January 31, 2024, 07:41:12 PM
 #142

Trading alone is already hard so if you are profiting from your trade despite that you don’t get to finish it, then most likely you’re a wise trader. Not all are given chances to be in profits when trading, some are just trading and even wait till the end and still end up losing. So for me, there’s no need to actually finish a trade if you are already satisfied with your present profits. That’s for you to decide if you can still take the risk and finish an unpredictable trade.
Trading is not an easy thing to do in order to make a profit and if we are already in a favorable condition and we take advantage of it and this really depends on the personality of the person doing the trading whether we can still analyze the market and will be able to get bigger profits. There's no harm in continuing, but if we can't analyze well, I think it's better for us to take the profits we've earned and don't let us become greedy in trading and make wrong decisions that result in losses in the trades we make.
Greediness is one of the major problems in trading, once we never feel contentment, we most possibly we end up losing instead of earning some profit.
Yes, I could recall back my experience and I was supposed to triple my earnings but because I wanted more tried to look for x4, when I just woke up and checked, it was very surprising and disappointed. Now, I realize the bad effect of being too greedy and aggressive, we better take it slow and know how to accept small profits rather than miss all of them. And there is one thing, finish the trade as much as possible before leaving the computer.

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January 31, 2024, 07:52:27 PM
 #143

Trading alone is already hard so if you are profiting from your trade despite that you don’t get to finish it, then most likely you’re a wise trader. Not all are given chances to be in profits when trading, some are just trading and even wait till the end and still end up losing. So for me, there’s no need to actually finish a trade if you are already satisfied with your present profits. That’s for you to decide if you can still take the risk and finish an unpredictable trade.
Trading is not an easy thing to do in order to make a profit and if we are already in a favorable condition and we take advantage of it and this really depends on the personality of the person doing the trading whether we can still analyze the market and will be able to get bigger profits. There's no harm in continuing, but if we can't analyze well, I think it's better for us to take the profits we've earned and don't let us become greedy in trading and make wrong decisions that result in losses in the trades we make.
Greediness is one of the major problems in trading, once we never feel contentment, we most possibly we end up losing instead of earning some profit.
Yes, I could recall back my experience and I was supposed to triple my earnings but because I wanted more tried to look for x4, when I just woke up and checked, it was very surprising and disappointed. Now, I realize the bad effect of being too greedy and aggressive, we better take it slow and know how to accept small profits rather than miss all of them. And there is one thing, finish the trade as much as possible before leaving the computer.
We human beings doesnt really have that kind of contentment on which as long you do know that you could be able to maximize that possible profits that you could be able to generate then you would really be definitely be going into the end of line as long those chances wont really happen. This is where it would really be ending up for you to do things which arent supposed to be done. It would really be that always wise whenever you do see a profitable trade or on the time that you do get contented on what you do saw with those gains then it would be always ideal that you should really be taking profits.
Somehow there would really be those people who would really be sticking into their plans and this is why they would really be going until the very end.

Well this isnt something that you could really be blame on them though yet this isnt for the sake of being greedy but sticking into someones plan and target isnt
really something that a bad behavior either. This is actually on case to case basis actually.

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February 01, 2024, 03:53:03 AM
 #144

In trading sometimes, there are situations and several times where traders while observing a trade placed and the profit they have made already  from it  begin to think and consider to exit from the trade and take the profit that they have made instead of waiting to the end.

Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

   Maybe I would prefer to be called a weak trader who, even if the profit is small, still makes money every day than a wise trader who is self-proclaimed to themselves but never gets any profit from trading. You know what you want to point out.

   There are other things that happen because what is usually in our minds becomes the opposite when it comes to what actually happens
in trading. But overall of course always do it at our own diligence.

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February 01, 2024, 06:30:52 AM
 #145

Trading alone is already hard so if you are profiting from your trade despite that you don’t get to finish it, then most likely you’re a wise trader. Not all are given chances to be in profits when trading, some are just trading and even wait till the end and still end up losing. So for me, there’s no need to actually finish a trade if you are already satisfied with your present profits. That’s for you to decide if you can still take the risk and finish an unpredictable trade.
Trading is not an easy thing to do in order to make a profit and if we are already in a favorable condition and we take advantage of it and this really depends on the personality of the person doing the trading whether we can still analyze the market and will be able to get bigger profits. There's no harm in continuing, but if we can't analyze well, I think it's better for us to take the profits we've earned and don't let us become greedy in trading and make wrong decisions that result in losses in the trades we make.
My resolve in trading is for traders, perhaps, I better call them supposed traders to be extremely careful as trading is not a do-or-die affair. You can try your best and luck but when success is not forthcoming, I do not think you should be wasting your money, time and energy on it, there are better opportunities that are of low risks around, and even online as an investment is less risky than trading. I know what I am saying, trading is not child's play, and even as I believe I am experienced and still making some earnings from it no matter how little it could be, I am still very confused at times not to mention those traders who do not even have a good trading system or true trader's psychology. It takes a very long time to build this if we are sincere, while some will never be able to achieve that no matter how long they try.

How many traders can wait that much? I mean to be losing money and be managing their frustration daily? So, I do not encourage again but I challenge traders to put themselves into the test of the quest if they are really worthy. If they can pass, fine, but if not, should we continue to encourage them, who knows? More people will lose their money. Regardless, there are major things to know and possess in trading, some of them are; Good trading strategy, management, psychology and effective planning. I stated these in summary for these traders who are so determined to continue trading. If they know all these and put them into practice, they can prevail in the market.

Also, perseverance is good, but I must warn you that it is not as easy as we often preach, that's is the truth.

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February 02, 2024, 07:04:35 PM
 #146

Trading alone is already hard so if you are profiting from your trade despite that you don’t get to finish it, then most likely you’re a wise trader. Not all are given chances to be in profits when trading, some are just trading and even wait till the end and still end up losing. So for me, there’s no need to actually finish a trade if you are already satisfied with your present profits. That’s for you to decide if you can still take the risk and finish an unpredictable trade.
Trading is not an easy thing to do in order to make a profit and if we are already in a favorable condition and we take advantage of it and this really depends on the personality of the person doing the trading whether we can still analyze the market and will be able to get bigger profits. There's no harm in continuing, but if we can't analyze well, I think it's better for us to take the profits we've earned and don't let us become greedy in trading and make wrong decisions that result in losses in the trades we make.
It's true, that trading isn't as easy as drinking water and one needs extensive knowledge and experience to gain success in trading and become an effective trader. And, it's a fact that a trader doesn't necessarily have to achieve the exact target they may have had with a specific trade and there is nothing wrong in settling down with less when you can see the chances of getting more are tiny and you might lose the profits that you can gain at that moment if you don't act quickly.

So, in situations where a trading position isn't providing a lot of profits or isn't up to your expectations but is still in profit and is turning into loss very soon, it's better for you to close that position and take the profit because there will always be such inconsistencies in trading which is completely normal.

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